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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
Originally Posted by dc_dux
cyn....sure, money is a very significant factor ..perhaps the most significant. But money in your pocket is also relative to employment opportunities, cost of living in NY/CA (as opposed to say ID/SC)
IMO, suggesting a direct correlation between taxes and population loss in these states, as is the case in ace's WSJ op ed, w/o considering numerous other socio-economic factors, is a stretch.
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If you look at Jersey City, NJ in the early 90s it was a wasteland of empty warehouses and loading docks. Why did the financial companies move there? Because NJ gave better tax breaks to the companies and they didn't have to worry about losing the workforce since there was public transportation infrastructure to fascilitate commuting. Eventually housing was also built, and today it's a small forest of skyscrapers.
So I don't think of it as much as a stretch as you do. Companies relocate to tax incentives, and people move for jobs.
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